Topic summary
Korea Advanced Institute of Science and Technology

Extracted from the Wikipedia article KAIST.
History
In 1981, the government merged the Korean Advanced Institute of Science and the Korea Institute of Science and Technology (KIST) to form the Korea Advanced Institute of Science and Technology, or KAIST, under the leadership of physics professor Choochon Lee. Due to differing research philosophies, KIST and KAIST split in 1989. In the same year KAIST and the Korea Institute of Technology (KIT) combined and moved from Seoul to the Daedeok Science Town in Daejeon. The first act of President Suh upon his inauguration in July 2006 was to lay out the KAIST Development Plan. The 'KAIST Development Five-Year Plan' was finalized on February 5, 2007, by KAIST Steering Committee. The goals of KAIST set by Suh were to become one of the best science and technology universities in the world, and to become one of the top-10 universities by 2011. In January 2008, the university dropped its full name, Korea Advanced Institute of Science and Technology, and changed its official name to only KAIST.